Pet Care Services acquisitions in Massachusetts: SBA loan data
Since FY2018, SBA lenders have approved 15 7(a) loans to buy an existing business classified as Pet Care Services in Massachusetts, totaling $4.4M. The median loan was $205,000. That is 1.6% of the 963 acquisition loans in Massachusetts.
Seller note standby terms and third-party consents are reviewed before closing.
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How this compares
The median Pet Care Services loan in Massachusetts is 50% lower than the $410,000 median for all Massachusetts acquisitions, and 61% lower than the $521,250 median for Pet Care Services acquisitions nationwide (404 loans).
This combination has too few seasoned loans for a reliable charge-off rate. Nationally, 3.4% of seasoned Pet Care Services acquisition loans were charged off, and 3.2% of seasoned Massachusetts acquisition loans of any type.
Pet Care Services acquisition loans in Massachusetts by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $95K | $47,500 | |
| FY2019 | 2 | $648K | $324,000 | |
| FY2020 | 1 | $397K | $396,900 | |
| FY2021 | 3 | $1.2M | $303,000 | |
| FY2022 | 1 | $135K | $135,000 | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 5 | $1.7M | $267,800 | |
| FY2026 | 1 | $140K | $140,000 |
How often do these acquisition loans fail?
Fewer than 20 Pet Care Services in Massachusetts acquisition loans are old enough to measure losses reliably, so no charge-off rate is shown. The benchmark across all SBA acquisition loans in the FY2018 to FY2021 cohort is 3.5% by count. Non-acquisition 7(a) loans (every other stated purpose) approved FY2018 to FY2021 charged off at 6.2%.
"Charged off" is the SBA's final loss action on a defaulted loan after collection efforts. It lags default by a year or more, which is why only older cohorts are measured. It is not the same as a delinquency rate, and loans still outstanding can still fail. See charge-off in the glossary.
Seller note standby terms and third-party consents are reviewed before closing.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Salem Five Cents Savings Bank | 3 | 20.0% | $982K | |
| 2 | Greenfield Co-Operative Bank | 2 | 13.3% | $225K | |
| 3 | Byline Bank | 1 | 6.7% | $900K | |
| 4 | Bristol County Savings Bank | 1 | 6.7% | $573K | |
| 5 | First Financial Bank | 1 | 6.7% | $570K |
Top franchise brands
No franchise brands recorded in this combination.
The purchase agreement decides what you bought, not the loan approval.
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Questions buyers ask
How much do SBA loans for Pet Care Services acquisitions in Massachusetts run?
The median SBA 7(a) loan was $205,000 across 15 loans (FY2018 to FY2026). The loan excludes the buyer's equity and any seller note and may include working capital, so the price is usually higher than the loan.
Which banks finance Pet Care Services acquisitions in Massachusetts?
Salem Five Cents Savings Bank (3), Greenfield Co-Operative Bank (2), Byline Bank (1), Bristol County Savings Bank (1), First Financial Bank (1).
How often do Pet Care Services acquisition loans fail in Massachusetts?
Fewer than 20 loans in this combination are old enough to measure losses reliably, so no rate is shown. The national benchmark for all SBA acquisition loans is 3.5% (FY2018 to FY2021 cohort).
Are franchised businesses part of Pet Care Services acquisitions in Massachusetts?
None of the 15 loans in this combination were recorded with a franchise brand.
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Submit Transaction DetailsAlex Lubyansky leads every engagement.
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Related
- All Massachusetts acquisitions
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Small samples move a lot: each loan in this combination is 7% of the count. Industry is the NAICS code the lender recorded. See the methodology.